What rate will I pay?

If you apply for a limit of up to £500, you will pay an arrangement fee of £50 and a fixed interest rate of 6.5%. For Overdrafts between £501-£1,500, you will pay an arrangement fee of £100 and for overdrafts above £1,500, an arrangement fee of 1.5% or a minimum £150 fee is applied. All other fee’s including interest rates will be made available to you when completing your application.

What you should know

If you exceed your agreed limit you will be charged an unarranged borrowing rate and be subject to unpaid / paid item fees.

Family First event and your overdraft

If you have a Family First event, you could apply for added benefits to your business , to help smooth any bumps in your income during this period. Our normal overdraft criteria apply, but we’ll waive the annual arrangement fee. If you already have an overdraft we’ll waive the renewal during the Family First event. Once you have submitted your overdraft application, or you currently have an business overdraft with us and believe you are eligible for these benefits, please call 03457 114 477 or speak to your RM. Find out more

Family First Eligibility Criteria

The Capital Repayment Holiday and the Arrangement Fee Free Overdraft are available to all eligible customers but subject to application and credit approval processes.

Your business must not have more than three directors/partners.

Your business must continue to operate/trade.

The Family First proposition, which includes both the Arrangement Fee Free Overdraft and the Capital Repayment Holiday, can only be used once by the business.

The Arrangement Fee Free Overdraft is available for arranged facility limits up to a maximum of £25,000 The Family First offer can be withdrawn at any time.

Borrow up to £50k unsecured (subject to credit approval)

If you have a Relationship Manager, please speak to them about your borrowing needs. If you do not have a Relationship Manager and wish to borrow up to £50k you can apply online, if you wish to borrow more please contact us.

Boost cashflow and only pay interest on what you borrow

An overdraft is a useful safety net. If you need a quick cash injection or help when an unexpected cost comes along, an overdraft is there if you need it. If you don’t use your overdraft facility, you don't pay any interest. Simple as that.

Want to switch your business to NatWest?

Switching bank accounts is really easy. Just look out for the question in the online application that asks if you want to use our Switching Service.

Our Switching Service will move everything across from your old account to your new NatWest account, including Direct Debits, standing orders etc., within 7 working days. It’s completely free and is backed by an industry-wide guarantee to ensure the move goes smoothly. The switching offer doesn’t include any fees you may have to pay to end any arrangements with your existing bank.

You’ll need the personal details of all the partners, members, directors or signatories of the business (including their home addresses for the last 3 years). You’ll also need your business details, including your Company’s Registration Number (provided by Companies House) if you’re a limited company. Also, details of any countries you or your business is registered for tax purposes in and details of your business' year end accounts or cashflow forecasts. Find out more in the "Ready to apply" section below, which will help you to prepare.

If you're an existing customer, it’s really important that your personal and business details are close matches to what we have on your file. If they're different, it will be worth updating them before you apply.

If in doubt, please check what is on file at Companies House and update any out of date information before you apply.

Please be accurate with your income declaration. If we believe you can't afford the repayments on the amount you apply, you may be declined.

For instance, if you declare an income of £250,000 and we see £180,000 going through your NatWest account, your application may be referred or declined.

Ready to apply

If you have a Relationship Manager, please contact them in the first instance to discuss your options.
If you do not have a relationship manager, please choose the right application route for you from the below options.

Customers with a turnover of under £2m with Online Banking

Log in to Online Banking for a faster application process and to receive personalised rates.

Already have a NatWest Business account?

If you have online banking you can get a personalised quote. Log in now

If you have a Relationship Manager please contact them to find out how much you could borrow

Pricing calculator and eligibility checker are not suitable if your business has a turnover of more than £2 million or is being supported by our Commercial Relationship Managers.

We are now waiving set up fees on overdrafts with limits up to £5,000. The below calculator shows indicative standard pricing

Amount you'd like to borrow

Note: You can only check rates up to £25k. You can still apply online for up to £50k.

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Available over 12 month period only

Interest on your account is calculated daily, based on your end of day balance and rate and charged to your account quarterly.

Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges.

Representative example

Representative EAR (variable)

5.25%

Arrangement fee

£300

Please be aware, should you exceed your overdraft limit or have an item returned unpaid due to insufficient funds, our unauthorised borrowing rate and standard transaction charges will apply.

Interest on your account is calculated daily, based on your end of day balance and rate and charged to your account quarterly.

Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges.

Discover Rapid Cash, an innovative cash flow solution

Borrow against your unpaid invoices and get a flexible line of credit from £25k to £500k.

To be eligible for Rapid Cash you must be an existing NatWest Business customer, trading for more than six months, have an annual turnover of at least £100k and either a Limited Company or Limited Liability Partnership in the UK. Security may be required. Product fees may apply. Arrangement fees apply when borrowing £301k - £500k.